Re: bottom paint?
Ditto what the other repsones have indicated. IF you keep your boat on a trailer, you can get by w/o the "bottom" paint. FWIW, I just finished painting my old 1969 Chrysler Valiant 14' (The original gel coat finish was too far gone.) and while it didn't come out perfect, I'm happy. More importantly my wife and son are happy.
I used Rustoleum Topside Paint, about $12.00 a qt at Lowes, and also used Rustoleum Marine Primer (White). I sanded down my old fiberglas with 200 grit, cleaned, wiped down with ammonia mix, wipe down again then applied two coats of primer, and two coats of finish color (three in some spots) with a cheap little low pressure spray gun I bought for about $15.00 hooked to my small compressor. (ended up using 2 qts of primer and about 2.5 qts of color, with plenty left for touch up/repair.) Let dry/cure for about a week and a half.
I'll try and get some pix up, but I'm having issues posting shots. Anyway, I didn't spend $75.00 in materials and while it is not a show quality paint job by any means, it beats some of the Earl Schieb/ Maaco jobs I've seen on cars over the years! Give it a shot, it' not hard, but the key is preparation!!
Good luck...